HSBC Trinkaus 2002 Dividend

HSBC Holdings PLC
12 February 2003

The following text is the English translation of a news release issued in
Germany by HSBC Holdings plc's subsidiary.

                  HSBC TRINKAUS & BURKHARDT KGaA 2002 DIVIDEND

The Supervisory Board and Managing Partners of HSBC Trinkaus & Burkhardt KGaA,
which is approximately 73.5 per cent indirectly owned by HSBC Holdings plc,
decided today on the basis of the provisional results of the 2002 financial year
to recommend to the Annual General Meeting on 3 June 2003 that the dividend for
the year ended 31 December 2002 be Euro 1.00 per share (2001: Euro 1.75 per
share).

Despite a difficult year for banking in Germany, which reduced HSBC Trinkaus &
Burkhardt's profitability, this dividend can be paid entirely out of operating
profits. In the absence of exceptional income in 2002, it is not intended to pay
a bonus dividend (2001: Euro 1.00 per share). The total dividend for 2001 was
Euro 2.75 per share.


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